Copy Trading Update - eToro - 26th/Nov/2024

[@dronephoenix7879]

Thanks for the info. Keep up the good work. Nice seeing you today

[@SocialTrading]

Cheers Robert! :)

[@RampinRabit]

Good to see your portfolio is doing well mate. BTC might dip more, its dominance has dipped a bit. Expecting funds to start moving into Eth and other alts as we are seeing first signs of retail entering the crypto space. You were talking about looking for a high savings account last video. I opened a trading 212 cash ISA account after you mentioned it. Plum are also giving high interest of 5.18% if 212 isn't available to you. All the best

[@SocialTrading]

Thanks for that - I'll have a look at Plum - fingers crossed! Yep, Eth's been doing well today, and a lot of the alts are up :)

[@malourdesgernan]

Thanks again Tom. What do you think of Smart Portfolios?

[@SocialTrading]

Haven’t really used them Much to be honest, so I think it depends on the individual fund and whether you believe in that sector of the market…

[@PeterUKTV]

8:10 what if ETH goes down? Do u still get rewards for staking?

[@SocialTrading]

Yeah, I believe so - as far as I’m aware eth rewards go to node operators in return for locking up their eth and operating the nodes which check and process transactions on the network. I’m not sure how much that’s impacted by price - it’s possible that network traffic could increase and slow depending on interest in blockchain services in general.

[@PeterUKTV]

I didnt actually realise fees can be profit. I thought fees is always what we pay!

[@SocialTrading]

That column is techinically for fees and refunds and dividends but it’s called fees so we all assume it’s something we have to lose :)

[@PeterUKTV]

@SocialTrading good to know!! Thanks

[@PeterUKTV]

@ yeah

[@bahadirozer]

i dont use copy trader, why do you get back fees?

[@SocialTrading]

Some assets give you overnight refunds for holding them instead of taking fees, and then dividends from companies are also included in the fees column. You can see which assets cause fees and which give refunds in the main etoro fees page which you can find in their help section.

[@PeterUKTV]

Would you get paid or get some extra $ from etoro if you had more copiers? People who copy you

[@SocialTrading]

Yeah, if I stopped copying anyone and applied to be a popular investor and got people to copy me I could potentially make money from that. But I’d need to only trade manually

[@PeterUKTV]

@SocialTrading but people can copy you so you should have some kind of profit/reward from it too

[@manwhosaysnii]

Why didn't you Sold the Bitcoin already?

[@SocialTrading]

I’m looking to see what the next years of trump in office do to the price.

[@PeterUKTV]

Thomas is not a scalper :) he wants to keep it long term

[@daveharley4302]

Followed on X ☕️ 🍪 😊

[@SocialTrading]

Thank you :)

[@Malfusion85]

Let it be known he has always been in support of competition, commented when Tesla was just starting out that he wants other car companies to make electric vehicles hence him giving the Tesla pattern out to the public, rather have that man in monopoly Vs some nameable others

[@PeterUKTV]

I think bitcoin may peak when trump starts his presidency in January

[@SocialTrading]

Could do - depends what laws he passes or changes. It could really affect all of the secondary blockchain related ventures too - a lot of brands stayed away from tokenisation due to legal uncertainty.